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Trident Announces $15 Million Bought-Deal Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSXV:ROCK) (OTCQB:TRDTF) ( "Trident" or the "Company") is pleased to announce that it has entered into an agreement with Haywood Securities Inc., on its behalf and on behalf of a syndicate of underwriters including Research Capital Corporation (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought-deal basis, 4,000,000 common shares of the Company that will qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") (each, a "FT Share") at a price of $3.76 per FT Share for aggregate gross proceeds to the Company of $15,040,000 (the "Offering"). The FT Shares will be issued on a prospectus-exempt basis pursuant to the ‘listed issuer financing exemption' ("LIFE") under applicable Canadian securities laws.

The Company has granted the Underwriters an option (the "Underwriters' Option") to increase the size of the Offering by up to an additional 600,000 FT Shares for additional gross proceeds of up to $2,256,000, to cover over-allotments, exercisable at any time up to 2 business days prior to closing of the Offering.

The gross proceeds from the sale of FT Shares will be used for further exploration, mineral resource expansion and drilling at Trident's gold projects located in the La Ronge Gold Belt of Saskatchewan, as Canadian Exploration Expenses as defined in paragraph (f) of the definition of "Canadian exploration expense" in subsection 66.1(6) of the Income Tax Act (Canada) and "flow through mining expenditures" as defined in subsection 127(9) of the Income Tax Act (Canada) that will qualify as "flow-through mining expenditures", which will be renounced with an effective date no later than December 31, 2026 to the initial purchasers of FT Shares.

The Offering is expected to close on or about February 18, 2026, or such other date as may be agreed to by the Company and the Underwriters (the "Closing"). Closing is subject to customary conditions, including, but not limited to, the negotiation of an underwriting agreement among the parties with respect to the Offering, the Company receiving all necessary regulatory approvals, including the approval of the TSX ...